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Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. it is, headquartered in Toronto, Ontario,

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Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. it is, headquartered in Toronto, Ontario, Canada. On March 1, 2024, Barrick Gold receives $139.000 from Citizen Bank and promises to dellver 94 units of certified 1-ounce gold bars on a future date. The contract states that ownership passes to the bank when Barrick Gold delivers the products to Brink's, a third-party carrier. In addition, Barrick Gold has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,410 per unit, and Barrick Gold estimates the stand-alone price of the replacement insurance service to be $90 per unit Brink's picked up the gold bars from Barrick Gold on March 30 , and delivery to the bank occurred on April 1. Required: 1. How many performance obligations are in this contract? 2. to 4. Prepare the journal entry Barrick Gold would record on March 1, March 30, and April1. Complete this question by entering your answers in the tabs below. How many performance obligations are in this contract? Journal entry worksheet Record the receipt of cash by Gold Examiner. Note: Enter debits before credits. Journal entry worksheet Record any necessary entry when Brink's has picked up the gold bars from Gold Examiner. Note: Enter debits before credits. Record any necessary entry upon delivery of the gold bars to the bank. Note: Enter debits before credits

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